Russian Finance Ministry: Halting forex, gold purchases for 2022
|Russia is halting purchases of foreign currency and gold for this year in lieu of a suspension of parts of its fiscal rule amid the use of extra oil and gas revenues, the nation’s Finance Ministry said in a statement on Thursday.
This move comes to protect the rouble from oil price swings, as the beleaguered domestic currency meanders near record lows against the US dollar.
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